Sepio Capital LLC Buys 526 Shares of American Tower Corp (NYSE:AMT)

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Sepio Capital LLC lifted its stake in shares of American Tower Corp (NYSE:AMT) by 4.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,070 shares of the real estate investment trust’s stock after acquiring an additional 526 shares during the period. Sepio Capital LLC’s holdings in American Tower were worth $2,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cable Hill Partners LLC raised its position in American Tower by 61.9% in the 1st quarter. Cable Hill Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 52 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new position in American Tower in the 2nd quarter worth $27,000. Next Capital Management LLC purchased a new position in American Tower in the 2nd quarter worth $31,000. CX Institutional raised its position in American Tower by 54.9% in the 2nd quarter. CX Institutional now owns 158 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 56 shares during the period. Finally, Litman Gregory Asset Management LLC purchased a new position in American Tower in the 2nd quarter worth $33,000. 93.22% of the stock is owned by institutional investors.

AMT has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of American Tower from $225.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. SunTrust Banks lifted their target price on shares of American Tower to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of American Tower from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of American Tower from $195.00 to $203.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, UBS Group cut shares of American Tower from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $195.00 to $222.00 in a research report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. American Tower has a consensus rating of “Hold” and a consensus price target of $202.27.

Shares of AMT stock remained flat at $$230.07 during mid-day trading on Tuesday. 802,081 shares of the company’s stock were exchanged, compared to its average volume of 1,740,392. The company has a 50-day moving average price of $215.02 and a 200-day moving average price of $200.06. American Tower Corp has a 12-month low of $140.40 and a 12-month high of $231.64. The company has a market capitalization of $100.30 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.84 and a beta of 0.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 4.13.

American Tower (NYSE:AMT) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.91). American Tower had a net margin of 19.30% and a return on equity of 24.75%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. American Tower’s revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that American Tower Corp will post 7.66 earnings per share for the current year.

In other news, CEO James D. Taiclet, Jr. sold 57,439 shares of American Tower stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $207.93, for a total transaction of $11,943,291.27. Following the sale, the chief executive officer now owns 255,415 shares of the company’s stock, valued at approximately $53,108,440.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James D. Taiclet, Jr. sold 57,438 shares of American Tower stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $201.40, for a total transaction of $11,568,013.20. Following the sale, the chief executive officer now directly owns 255,414 shares in the company, valued at approximately $51,440,379.60. The disclosure for this sale can be found here. Insiders have sold a total of 196,973 shares of company stock worth $40,927,162 in the last ninety days. Insiders own 0.75% of the company’s stock.

American Tower Company Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 171,000 communications sites.

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Institutional Ownership by Quarter for American Tower (NYSE:AMT)

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